Alison K. Lipman - 09 Jun 2021 Form 3 Insider Report for 1stdibs.com, Inc. (DIBS)

Role
Chief People Officer
Signature
By: /s/ Alison K. Lipman
Issuer symbol
DIBS
Transactions as of
09 Jun 2021
Net transactions value
$0
Form type
3
Filing time
09 Jun 2021, 18:37:25 UTC
Next filing
17 Mar 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding DIBS Employee Stock Option (right to buy) 09 Jun 2021 Common Stock 138,333 $4.56 Direct F1
holding DIBS Employee Stock Option (right to buy) 09 Jun 2021 Common Stock 12,500 $9.45 Direct F2
holding DIBS Employee Stock Option (right to buy) 09 Jun 2021 Common Stock 29,166 $9.45 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Option vests over four years, with 25% of the shares vesting on July 1, 2020, and 75% of the shares vesting in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F2 Option vests over four years, with 1/48th of the shares vesting on each monthly anniversary of March 1, 2021, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F3 Option vests over four years, with 20.8333% of the shares vesting on January 1, 2022, and with 79.1667% of the shares vesting in 38 equal monthly installments thereafter, subject to the consummation of the Issuer's initial public offering and the reporting person's continued service with the Issuer through the applicable vesting date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney